subject to many risks and uncertainties, within the safe harbor protections of the Private Securities Litigation Reform Act Decoration candle cups of 1995. These statements speak only as of this date and are based upon information and assumptions, which we consider reasonable as of this date,
At present, the main products are plastic bottles for candle burning plastic candle cups (different in size and shape, more than 120 models, and still developing new products), self suction bag nozzles (all sizes), liquid candles bottles (more than 20 models) and so on. All products are being exported, and the plastic candle cups have been widely loved by foreign customers.Page Title! Edit me!
During 2015, we identified the pursuit of higher-margin downstream business Liquid Paraffin Oil plastic bottles opportunities that utilize our steel products in their manufacturing processes, as one of our target growth objectives," stated Mark D. Millett, President and Chief Executive Officer.
A strategy intended to reduce volatility during both strong and weak market cycles, given Butter lamp plastic bottle steel raw material supply optionality. During weak steel demand environments these businesses could purchase steel internally from our own mills, thus increasing SDI's steel mill utilization.
As a consumer of special-bar-quality products currently produced at our Engineered Bar candle holders Products Division, Vulcan depicts this model perfectly and fits well within our core operating strengths."
has been a valued customer of our Engineered Bar Products Division for over a decade. I congratulate Bill and Kent Upton on plastic votive candle holders the creation of a tremendous company and team.
We are looking forward to welcoming the employees and customers of Vulcan into the Steel Dynamics family. We plastic candle holders are excited to add the quality of Vulcan's brand and products to our portfolio," concluded Millett.
The transaction is valued at approximately 5.0 times trailing twelve month March 31, 2016 EBITDA, excluding potential income tealight cups tax-related benefits. The transaction is subject to customary conditions and receipt of regulatory approvals. Steel Dynamics expects to obtain all necessary regulatory approvals and complete the transaction by August 2016.
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